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Re: fromtheuk post# 41855

Tuesday, 03/13/2018 9:27:12 AM

Tuesday, March 13, 2018 9:27:12 AM

Post# of 61492
Yes that's absolutely correct. GP, after the hypothetical conversion of Class F stock, should have about 125M (the current O/S amount). SR, after the hypothetical conversion of Class F stock, should have about 306M (the current O/S multiplied by 2.45). But, as it stands, GP and SR do not own any common shares and the O/S is only 125M. They would not be able to convert without increasing the current A/S count of 480M and then filing appropriate notices of their intention to convert. I certainly don't think they intend to convert and thereby dilute the O/S by more than a threefold factor. If there's any conversion from F to common, it's likely only going to be a partial conversion and it's going to be when we're in the dollars.

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